FTA Requests Extension on Compliance with BNPL Interpretive Rule
WASHINGTON, D.C. – The Financial Technology Association (FTA), a trade association representing leading fintech companies, submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) requesting a 60-day extension of the compliance deadline to the CFPB’s interpretive rule regarding the application of certain sections of the Truth in Lending Act (“TILA”) and Regulation Z to the use of digital user accounts to access Buy Now, Pay Later (“BNPL”) loans (“Interpretive Rule”).
The Financial Technology Association (FTA) is a Washington, DC-based trade association representing industry leaders shaping the future of finance. We champion the power of technology-centered financial services and advocate for the modernization of financial regulation to support inclusion and responsible innovation.
FTA Requests Extension on Compliance with BNPL Interpretive Rule
WASHINGTON, D.C. – The Financial Technology Association (FTA), a trade association representing leading fintech companies, submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) requesting a 60-day extension of the compliance deadline to the CFPB’s interpretive rule regarding the application of certain sections of the Truth in Lending Act (“TILA”) and Regulation Z to the use of digital user accounts to access Buy Now, Pay Later (“BNPL”) loans (“Interpretive Rule”).
Click here to read FTA’s full request.
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The Financial Technology Association (FTA) is a Washington, DC-based trade association representing industry leaders shaping the future of finance. We champion the power of technology-centered financial services and advocate for the modernization of financial regulation to support inclusion and responsible innovation.